RMC Switchgears Ltd
Incorporated in 1994, RMC Switchgears Ltd is in the business of Switchgear Engineering, ECI contracts for power distribution/ transmission sector[1]
- Market Cap ₹ 539 Cr.
- Current Price ₹ 523
- High / Low ₹ 675 / 191
- Stock P/E 36.0
- Book Value ₹ 52.2
- Dividend Yield 0.04 %
- ROCE 29.5 %
- ROE 31.7 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 36.1% CAGR over last 5 years
- Debtor days have improved from 226 to 166 days.
Cons
- Stock is trading at 10.0 times its book value
- Company has a low return on equity of 13.8% over last 3 years.
- Company has high debtors of 166 days.
- Promoter holding has decreased over last 3 years: -3.34%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
32 | 38 | 40 | 45 | 55 | 51 | 83 | 132 | 59 | 37 | 42 | 125 | 155 | |
28 | 34 | 35 | 40 | 49 | 45 | 74 | 119 | 51 | 30 | 36 | 99 | 122 | |
Operating Profit | 3 | 4 | 5 | 5 | 7 | 6 | 9 | 13 | 8 | 7 | 6 | 26 | 33 |
OPM % | 10% | 11% | 12% | 11% | 12% | 11% | 11% | 10% | 14% | 18% | 13% | 21% | 21% |
0 | 0 | 0 | 1 | 0 | 2 | 1 | 1 | 0 | 0 | 1 | 0 | -2 | |
Interest | 3 | 3 | 4 | 4 | 5 | 4 | 5 | 6 | 5 | 4 | 3 | 7 | 8 |
Depreciation | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 |
Profit before tax | 0 | 0 | 0 | 0 | 1 | 1 | 3 | 5 | 1 | 0 | 0 | 17 | 21 |
Tax % | 1,300% | -138% | 35% | 31% | 81% | -3% | 16% | 26% | 49% | -137% | -68% | 31% | |
-0 | 0 | 0 | 0 | 0 | 2 | 3 | 4 | 0 | 0 | 1 | 12 | 14 | |
EPS in Rs | -2.40 | 2.00 | 1.25 | 1.50 | 1.38 | 2.01 | 2.77 | 4.18 | 0.33 | 0.49 | 0.64 | 11.40 | 13.27 |
Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 9% |
3 Years: | 28% |
TTM: | 89% |
Compounded Profit Growth | |
---|---|
10 Years: | 50% |
5 Years: | 36% |
3 Years: | 229% |
TTM: | 140% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 86% |
3 Years: | 274% |
1 Year: | 160% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 12% |
3 Years: | 14% |
Last Year: | 32% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1 | 1 | 1 | 1 | 1 | 5 | 6 | 6 | 6 | 6 | 6 | 7 | 7 |
Reserves | 6 | 6 | 8 | 8 | 9 | 9 | 17 | 21 | 21 | 22 | 22 | 39 | 47 |
29 | 26 | 24 | 24 | 27 | 29 | 37 | 41 | 41 | 39 | 42 | 46 | 43 | |
13 | 16 | 10 | 12 | 12 | 16 | 21 | 38 | 24 | 15 | 13 | 24 | 39 | |
Total Liabilities | 49 | 48 | 43 | 46 | 49 | 59 | 82 | 107 | 92 | 82 | 83 | 117 | 136 |
15 | 14 | 19 | 20 | 23 | 23 | 24 | 29 | 29 | 30 | 29 | 30 | 26 | |
CWIP | 6 | 7 | 2 | 3 | -0 | 0 | 5 | -0 | -0 | -0 | -0 | -0 | -0 |
Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | -0 | -0 | -0 | -0 | -0 |
28 | 27 | 22 | 23 | 26 | 36 | 52 | 77 | 63 | 52 | 54 | 87 | 110 | |
Total Assets | 49 | 48 | 43 | 46 | 49 | 59 | 82 | 107 | 92 | 82 | 83 | 117 | 136 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3 | 6 | 5 | 4 | 0 | 3 | 7 | 9 | 3 | 4 | |||
0 | -2 | -1 | -1 | -4 | 2 | -4 | -3 | -2 | -3 | |||
-3 | -5 | -4 | -3 | 2 | -4 | -5 | -6 | -1 | 4 | |||
Net Cash Flow | -0 | -1 | -0 | 1 | -1 | 1 | -2 | -0 | -0 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 164 | 117 | 97 | 85 | 107 | 170 | 147 | 140 | 237 | 299 | 212 | 166 |
Inventory Days | 304 | 164 | 76 | 92 | 68 | 53 | 61 | 54 | 96 | 145 | 183 | 43 |
Days Payable | 361 | 270 | 117 | 100 | 121 | 181 | 137 | 145 | 179 | 129 | 113 | 56 |
Cash Conversion Cycle | 108 | 12 | 56 | 77 | 54 | 42 | 72 | 49 | 155 | 315 | 282 | 154 |
Working Capital Days | 163 | 77 | 87 | 91 | 79 | 105 | 105 | 91 | 211 | 354 | 338 | 164 |
ROCE % | 8% | 10% | 13% | 12% | 16% | 14% | 16% | 18% | 9% | 6% | 5% | 30% |
Documents
Announcements
- Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Appointment Of Chief Operating Officer (COO). 1d
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr
-
Correction Notice: Revised Figure In Recent Newsletter
25 Apr - RMC Switchgears Limited would like to inform stakeholders and the public about a typographical error in our recently released newsletter. Due to an oversight, the …
- Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015- Quarterly Business Updates 25 Apr
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
17 Apr - Companies whose specified Securities are exclusively listed on SME Exchange. RMC Switchgears Limited is a SME Listed Company so Regulation 24 A of SEBI (LODR) …
Business Overview:[1][2]
RMCSL is an ISO 9001:2008, ISO 14001:2015, ISO 27001:2013 and OHSAS 18001:2007 certified company. It is in the business of researching, designing and manufacturing electronic smart energy meter enclosures, distribution boxes & panels, and other electrical safety & distribution equipment. With equipment made in plastics, fibre reinforced plastics and sheet metals, RMC Switchgears also offers end-to-end solutions including Engineering, Procurement and Construction